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Luxury House for sale in Perth, Australia

771 m² 25 25

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Description

Sotheby's International Realty is pleased to present the opportunity to acquire the freehold investment opportunity of the Bailey's Serviced Apartments in Perth, Western Australia. 4.0 star - 25 room hotel Mix of Studio, 1 bedroom & 2 bedroom apartments Strong financial performance Opportunity for owner operator or alternate brands An outstanding commercial opportunity is available to purchase this centrally located, 7 storey serviced apartment building located at 63 Bennett Street, East Perth. Baileys Serviced Apartments feature stylish and comfortable accommodation in Perth's CBD, and the central location makes the perfect hotel to enjoy all of the entertainment, sporting & dining options that are well renowned in Perth. Baileys Serviced Apartments are an 800m stroll into Royal Street and only 400m to Adelaide Terrace. The property has a bus stop only 50m away, which provides access to Transperth bus services taking you through Perth City, and the Claisebrook Train Station is only 900m away. East Perth enjoys the beauty of the Swan River and is on the doorstep of Perth CBD, conveniently located less than 3kms from the centre of the city. The central location is a major draw card for visitors and locals providing easy access to the new Perth Optus Stadium via the recently completed foot bridge, and the Crown Casino Entertainment complex. Adding to the surrounding sporting and entertainment precinct, are the Western Australia Cricket Association (WACA) Ground, Gloucester Park, Perth RAC Arena, NIB Stadium, stunning Queens Gardens, and only a short distance from the hotel is the Perth Convention Centre. Key investment considerations include: 4.0 star hotel which represents well with 25 well – appointed guest rooms of generous sizes (75 – 108 sqm). The 15 * one bedroom Apartments range from 75 – 79sqm, the 10 * two bedroom Apartments range from 99 – 108sqm. Operated independently - offered with Vacant Possession at no cost - opportunity for owner operators or alternate brands Large prime 772m2 city fringe freehold parcel of land - significant underlying land value and over the medium term Extensive facilities: on-site restaurant, recreational facilities (gymnasium), ample under cover parking. The Ground level restaurant – 110 sqm – recently signed a 5 year lease. Robust financial performance delivering a strong profit margin with potential to significantly value-add and increase EBITDA.

500

Details

Bedrooms
25
Bathrooms
25
Size
771 m²
Published on
19 January 2019
Reference
ZMGCY2

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